The URL can be used to link to this page

Home My WebLink About0650 t ' ~ the deficiency. Such pey ment ahall b~ ~n~id ;~ith4h th~~~) d~,ya siter writteA ~otice tro~a the Mortgagee steting the amount of the deficiency~ whtc~,notice m~ p~vea b~ mail. Ii st sny tims the Mortgagor ; ahw~l tender to the Mort~ee in accordance with the prov~ons ot ~he note secured hereby~ tull psyment ~ ot tha entire indebtidnees ;;preaented thcreby~ the Mortgagee ae trustee ahall~ in oomputing the ~caouat oi . such indebtedr?eee, credit to the sccou~t of the l~iortgsgor sny credit bal~?nce rena~ining under the pmvisions of o[ asid ph 2. It there ahe~ll be s detault under any of the pmvisiona oI ~his mortgage reeulW~g paragra ell ` in s publie sale ot the premises covered hereby, or ii the Mortgagee acquires the property otherwiee ~fter ' def~ult, the Mortgagee as truatee ahall spply, at tha tima oi t6e commencement ot such proceedinga or at ' the time the property ia otherwiae acquired, the amount then rernai~ing to credit oI Mortgsgor under (a) of para~raph 2 preceding as a credit oa the iaterest accure~ and unpsid and the baleace to the principat then remuning unp4id on said note. 4. 8e wW pyr ~D t~~oe~, a~entr. wat~ee rat~e~„ aed other~ov~e:nmentsl oe muaioipal eh~r~es. SnAS, os imPodtioa4 iar wLieh pe+ovjeioa has not been m:de he~elnbetw~s. aad in default thereof tbs Mort~ee m,Y P~U? ~ saa~e; and th~t bs wiU pe~ompt~y detiver ibs o6ieial reoeipts tberefoz to fbs Mort~es. b. He will permit, oom~il, oe w~se no w~ lmpaiemea oe det~ioratloa of e~id grope~l~ oeaqy tbereof ~ emoep0 re~sonsWs we~r aad tear• and in !6s evea~ ot t6s f~ of tbs Mort~oe to keep t6e build~ on sai~ ~ p~eoni~es and t6oss to bs e~e.~~ oa ~d pe~emiee~„ oe improveu~ent~ thereoo, ~n-aood repair the Mort~ee a~r ! malr~e weh repates as in its diseration it m~y deem neeew~ry~for the~~ope~ preseevatioa t6eceo~, and ths fuil aawunt of eaeh and every ~ueh p~ymeat ~11 b~ dus asd P~1Y~ ~Y ~ aft~er dea~n~ and ~a11 bs ~ecured by t6s Hea ot thi~ moetp~s. y,~:, ; 6. He will p~p a1l aad si~ulst ~s oat+~. and ea~Peases. includlo~ reasonable Lwy~'s fees, and ood~ ~ oi abdr~ots ef titb, ineurred o~r patd at aqy tlms b~r ' ~e beeauee of tbe lailure oa the part ot the Mor~o~ t P~'~P~Y and to perfc~m ths a~eementa and auvc~nb ot said p~omieeory note aad this mor~e, aad s~id cm ~ ahalt be immediatebr due uad p~y~?bia and ~aq bs secured by t~he lien of tL;s mort~s. T. He w~l oontinnuns~ maintaip 1~sara Insmaaoe, ot auch typs or~jp~s snd amounts as Mortg~~es ma~ trom time to time reqnirs, on t~e imp3+o~ement~ aow s~r bereatte~t on said p~~ aad esoepti whea paymeat tor all such premiums L~s tbee+st~ofbrs beea made nnder (a oi para~aFh a Lereot ee will py promp~y ~rhen ± due aq~ premiums theretor. AIl insnraaoe shall bs ~ia ooanpw~es approve~ by 11i and tbe poli- a cies aad r~wah tLereui ahall be beld b~ Mor~a~e and have attached thereto loes payable uees ia favor oi and ia form aooeptabls to the M In e~ti af bas he will give immediate notice by mW to Mortgagee, ; aad M mU maic~s ,proota~~ ii noti made PmmPt~ b7 Mortga~Or~ and e~ch iosnraaos oompao~ • aoacerned u ee~eb autLorued and directed to make pa,ymen~ for such loos dirsc~ b Martg~eei b t~ead ot ~ to Mortgcgor and ~ortgsgee joint]~y, aad the insuraaoe proceeds, or aay parC t~6ere~ may be applied y I?iort~ ~agee at its option eit,her to the reduction of the indebtedneee hereby secured or to the restorstion or repair oi ~ the propertj damaged. In event oi forecloeure of tLia mortgage or otber trsnafer of title to ths mortgaged J p~opert~ in extingu~ehment of the indebtednees eecured hereb~, a~l rigLt, tiLle, and interest of the Mortgagor ia and to aqy inaurance policies~ then ia foros ehall puss to tbs purcbaser or grantee. 8. He will not cutecute or file oi record sny instn~ment which imposea a restriction upon the a~?le or oocu- pancy oi t6e property deecribed herein on the bssis of race~ oolor, or creed. 9. If the premises, or any psrt thereof, be condemaed under the power of eminent domain, or aoquired for a public use, the damages awerded, the proceeds for the t,aking of~ or the considention for such aoquisi-. tion, to the extent of the full amount of the remaining unpaid indebtsdneea secured by thia mortg~age, are hereb~• assigned to the Mortgagee, and his heirs or assigns, and ahall be paid forthwith to asid Mo- agee or hi$ ee to be ppplied on acooun6 of the last msturing in~fillnieiKs•of such indebtnese; pmvided~o~- ~ n ever, th~ortgag~e or his aesignee, miy at hia discretion pay direct to the Mortgagor, his heira or assigns ~ any part or aU of euch oward; provided, that if the losn is guuanteed or insured, the oonsen6 of the guaran- tor or inaurer ia obtained in advance of said ymeut. ~ ~ 10. The Mortgag+ee msy~ ~t nny time ~en~ng a suit upon tms mo apply.to the oourt hsvin~ jurisciic- : t3on tLereof for the sppointanent oi a receiver, and such oourt shall fo~t~ s~point a receiver oi the premises ; oovend henby all aad singular, includin~ all snd singular the incwme~ profita, ~suea, and revenues from ~hat- ever soune denved~ eaeh and every of ~uch it being ezpr~sly underatood. is hereby mortgaged as if epeci&eslly ; set iorth md descnbed in the graating an~ hsbendum cl~uses bereof. 3uch appointment shall be made bv ~ such couet as an admitted equity and a matter of absolute right to s~id Mortgagee, and without reterence to ~ the adequ~cy or inadequacy of the value of the pmperty mortgaged or to t6e solvency or insolrency of said ~ M or the defendaiits. Such rents profita, inoome~ ~ssues, and revenuea shsll be applied by such receiver ~ I i?ooo~~~to the lien oi thia mortgage an~ the pr~ctice of such c~ourt. In the event of any defsult on the part $ ot the Mortgsgor hereuader, the :~iortgagor ap~rees to pay to the :1+Ior agee on demand as a reasonable monthlv $ ~ rental for tha premiaes an unount at leas~ eqwvdent to ono-tweUth of the~reg ate of the twelve monthlp # I inatallments pay~ble in the then current yeu plua the actusl amount oi the annual ta~es, asseasmente~ w~ter ~ ! ntes, and insureace premiums for such year not aovered by the doresaid monthly paymenta. 11. In the event oi any breach of t6is mortgage or default on the part oi the Mortgag~or, or in the event = that any of said sums oi money henu? nferred to be not pmmptly and fully paid according to the tenor hereof. or in the event that each and every the atipulstaons~ agnemeats, oonditi~?ns, and oovenanta ot ssid note and s this mortgsge, are not duly, prompdy, and i~illy performed or if the Mortgagor be adjudicated banl:rupt or ~ made defendant in a baakruptcy or receivershi~ pmceedin~s~ ~_,m either or an~ such event, the aaid aggre- ; g~te suu~ mentioned in said note the~. remainu~g unpaid, ~rtth interest aocrued tb~ that time, and all moneg ; secured hereby; shall become due aad payable fortbwith, or thendter, at tbe option ot said 11iortgagee~ as s fully and oompletely as ii all the said aums of money were origin~U,y etipulated to be paid Qa auch day, an~ - ~ thing in said nate or in this mort~~age to the contrarx notwithatanding; and thereupon or theredter~ ~t the option ~ oi said M , without notice or demand, swt at law~ or in equ~ty~ mao be proseceted as it sll raonevs = secured hereb~N~y~isd matured prior to its institution. The Mortgagee msy {orecloee tbis mortgage~ as to t6e = aawunt so declared due and p~yable. and tLe said premisa shaU~e sold to satisty and p~y the same togethe~ ~ ~ with costs e,~penses, and allowances. In case of putial foreclosun o! this mortgage~ the mortgsged premises , ahall be so~d subject to the continuing lien ot this mortga$e fur the ~rnount of the debt not then due and unpwid. = In such cw tbe provisions of this p~r~gr~ph may agaui be availed ot tbenaiter imm time to time by t6e - ~ ~ Mortgagee. ~ ~ 12. No ~v~iver oi m~ oove,~?ant hecein or ot the obligation secured hereby shsll at any time thereatter be ~ ~ held to be s w~iver ot the ~«rms hereof or oi tbe note secured benby. - q 13. Th~e lien ot this inatrument ahall nm~in in tull fom.e and e~ect during ~ny postpoaement or eateasiou ~ ~ of t6e tame oi payment oi the indebtedness or any part thereot secured hereby. ; 14. This mor~g~ is given to secure the purxha~e money, or ~ patE thereol~ ot tbe lands herein described ~ aad is esecuted ~nd deliveeed cont~emporanwuely with tbe deed tlurefor. ~ 15. If tbe Mortga~or del~dt in ~n~ oi the coveaaats or agn~ementa ooatained h~rein, or in aaid note, tbea ~ . tbe Mortgagr.e may pe~torm the same, ~ad all e:penditans (including reason~ble ~ttorney's iees) made by the ~ M ~tgagee w so~~ shall dr~w intereat a~ the r~te provided !or in the prwcipal indebtedness, aad sh~ll be ; ~ rapa~ y~We tbirty (30) a~ys Jter dunand, and, t~ether rnth iaterest ~nd cvats aoccved tbereon, ah~ll be secure~ ~ ~ ~ fbis ~t~e. . ; ~ 18. Upon ths requast ot tLs Mory~~ee the Mortga~or shall ezecute and ddiver ~ wpplemental oote or ~ note~ !or tbe wtn or wms advanoed bj t6e Mortg~ge~ tor tl~ altention, modernisation. improvement, main- ~ teaaaoe, or rep~ir ot said pnmises. for taxes or a~ee~srnents agaiast the ~ame and Ior any other purpo~e autiwr- i:ed 6enunder. Said note ~r notes ahall be secured hereby on ~ parity with and as fully as ~t tl~e sdvance ~ e~ideaoed tbenb~ were iacluded in the note fint, de~cribed abo~e. Said supplemental note or aotes shall bear ~~~s ~ s~s ~ _ - _ ~ . , y F ~~~~~~~~~'S~"''^a'c_ x,.:~~.i- _ .,.~y~`~`.dr"s~``3F